REGIONAL MANAGEMENT CORP - RM STOCK NEWS

Regional Management Corp. (NYSE: RM) reported strong second-quarter results for 2022, featuring a net income of $12 million and diluted EPS of $1.24. The firm achieved a record revenue of $122.9 million, marking a 23.3% year-over-year growth, alongside an all-time high in net finance receivables of $1.53 billion, up 28.9%. Despite rising credit losses and delinquencies, the company maintained a low operating expense ratio of 14.7%, indicating effective cost management. The company announced a dividend of $0.30 per share for Q3 2022, reinforcing its commitment to returning value to shareholders.

Regional Management Corp. (NYSE: RM) announced the opening of its first branch in Riverside, California, marking its expansion into the state. This is the 16th U.S. state for the company, enhancing its coast-to-coast presence and increasing its market reach by approximately 33%. CEO Robert W. Beck highlighted that the expansion aligns with their strategy to capture market share and provide affordable financial solutions. Regional Management operates under the name 'Regional Finance' and offers installment loan products primarily to consumers with limited access to credit.

Regional Management Corp. (NYSE: RM) will report its second quarter 2022 results on August 3, 2022, after market close. A conference call will be held at 5:00 PM ET the same day to discuss the results, with a live webcast available on the company's website. Participants can join the call using the toll-free number (855) 327-6837 or (631) 891-4304 for international calls, dialing in 10 minutes prior. A replay of the call will be accessible for one year on the website, providing insights into their consumer finance operations across 15 states.

Regional Management Corp. (NYSE: RM) has expanded its operations into Indiana, marking the opening of its first branch in Merrillville. This development represents the company's 15th U.S. state of operation, enhancing its footprint in the Midwest. The CEO, Robert W. Beck, emphasized the importance of providing accessible financial solutions to Indiana residents, contributing to the company's growth strategy. The expansion aims to increase market share and deliver long-term value to shareholders through its omni-channel operating model.

Regional Management Corp. (NYSE: RM) announced it raised over $100,000 for the American Heart Association during the Upstate Heart Walk on April 24. As the presenting sponsor, the company has led fundraising efforts for three consecutive years, totaling over $250,000 in donations. Approximately 400 walkers from 300+ branches participated, highlighting the company’s commitment to community wellness. Additionally, employees engaged in heart-healthy activities through the Wellness Weeks Challenge to promote health awareness.

Regional Management Corp. (NYSE: RM) reported record first-quarter results for 2022, with a net income of $26.8 million and diluted earnings per share (EPS) of $2.67, marking increases of 4.9% and 15.6% year-over-year. Net finance receivables grew by 30.8% to an all-time high of $1.4 billion. Revenue surged 23.7% to $120.8 million, supported by strong loan demand. However, the provision for credit losses rose 171.6% to $30.9 million. The company expanded operations into Mississippi and announced a $0.30 dividend for Q2 2022.

Regional Management Corp. (NYSE: RM) will report its first quarter 2022 results after market close on May 4, 2022. A conference call to discuss the results is scheduled for 5:00 PM ET the same day, which will be available via live webcast on the company's website. Interested parties can join the call using dial-in numbers for toll-free and international participants. A replay of the call will be accessible for one year afterwards. Regional Management Corp. primarily offers installment loans to customers with limited access to credit through over 350 branch locations in 14 states.

Regional Management Corp. (NYSE: RM) has successfully completed its largest asset-backed securitization to date, totaling $250 million. This eighth securitization saw a weighted average coupon of 3.59% and was secured by $265 million of receivables. Notably, the senior class of notes achieved a AAA rating from DBRS, marking the first instance of such a rating for Regional Management. The company highlights that over 90% of its debt now carries a fixed rate, enhancing its financial stability and reducing interest rate risk.

Regional Management Corp. (NYSE: RM) reported a net income of $20.8 million with diluted earnings per share of $2.04 for Q4 2021, marking growth of 44.8% and 59.4%, respectively, year-over-year. The company achieved record revenues of $119 million, a 22.6% increase, and net finance receivables reached $1.4 billion, a rise of 25.5%.

The company also increased its quarterly dividend by 20% to $0.30 per share and announced a $20 million stock repurchase program. Despite an increase in credit loss provisions, RM's credit profile remains strong, with delinquencies improving compared to 2019.